BREAKING: Elon Musk Offers to Close Twitter Deal With Original Terms of $54.20 per Share

This article was originally published at The Post Millennial, a part of the Human Events Media Group.

Space X and Tesla CEO Elon Musk has proposed to buy Twitter for his original offer of $54.20 a share, reports Bloomberg.

Musk made the proposal in a letter to Twitter on Tuesday, a source who asked to remain anonymous told the outlet.

The Twitter stock has halted twice on Tuesday due to volatility, according to Stock Halt Alerts.

In April, Twitter filed a lawsuit against Musk to force him to finalize the deal which he originally agreed to. 

In July, Twitter's board announced that they would be suing Musk after he said that he would be terminating his buyout deal with the social media giant. In July, Musk had also reportedly said that he was planning to file a counter-lawsuit against Twitter to avoid being forced to buy the social media company for $44 billion, after expressing doubts that the make up of Twitter users uncluded less than 5 percent automated accounts.

Twitter Chairman Bret Taylor said that the board would be suing Musk and that the board was "committed to closing the transaction on the price and terms agreed upon with Mr. Musk."

That announcement came after Musk sent a letter to terminate the deal to Twitter.

This is a breaking news story and will be updated.

Image Attribution: Elon Musk Says Twitter Deal is on Hold by Human Events


View All

Hong Kong influencer's relatives charged with murder after her head found in soup pot

Choi was a model, social media influencer, and mother of two children....

MCCOTTER: GOP Must Understand That President Biden Is Not Running for Re-Election

It was apparent even in 2020 that Mr. Biden, if elected, would be a one-term president....

EXCLUSIVE: Libs of TikTok's New Book Teaches Parents and Kids How to Fight Back Against Groomers

"One of the first steps of predatory behavior is to sever the parent child relationship to circumvent...

Jack Posobiec's AI Precreation Clip of Biden Announcing a Draft Causes Social Media MELTDOWN

"Remember, you aren't sending your sons and daughters to war. You're sending them to freedom. God ble...

© 2023 DEVCLONE, Privacy Policy